UNO Minda Limited has informed the Exchange about the Outcome of the Meeting of the Committee of the Board of Directors held today i.e., Thursday, June 19, 2025
UNOMINDA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board Committee of UNO Minda approved the Detailed Project Report for setting up a new manufacturing facility under its Casting Division at Sambhaji Nagar, Aurangabad. The plant will produce casting parts for EV vehicles to meet growing demand from OEMs. Total capital expenditure is estimated at Rs. 210 crore, to be spent in a phased manner over the next 5 years, with Phase 1 expected to start operations in Q2 of FY27. The company plans to add 3,629 metric tonnes per annum of casting capacity, funded through internal accruals and a term loan.
This is a forward-looking growth investment in the EV components space, which is positive for long-term revenue prospects, but the capex is spread over 5 years so the near-term impact on earnings or cash flows is limited. Shareholders should view this as a strategic expansion rather than an immediate earnings driver.